The global bottled water processing equipment market size is expected to reach US$ 392.9 Bn by the end of 2020. According to a study by Future Market Insights (FMI), the market will show a steady rise at 6.4% CAGR between 2020 and 2030. According to the report, key factor in boosting demand in the bottled water market is the rising health concern arising from the consumption of contaminated water mostly derived from tap water. The lack of safe drinking water readily available to populations, particularly in developing countries, and concerns about contaminated municipal tap water are proposals that have supported the rapid expansion of the bottled water market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market. The still water segment is likely to hold the maximum share in the market. The increasing demand for coolers, dispensers, and pumps is pushing the bottled water production. Smaller pack formats of still bottled is currently in high demand in the household sector. The demand witnessed in restaurants, retail stores and food service chains is expected to rise as well boosting the global bottled water processing equipment market. Recently, the U.S. government as approved bottled water as a packaged food community. This makes it a safe and convenient source of water for consumers. Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-11433 It includes in-depth insights into the bottled water processing equipment market. Some of these are:
The estimated value of the market was at US$ 211.3 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
The Asia Pacific region is growing fast in terms of bottled water processing equipment market.
China and India are the countries which are leading to business growth. Germany and Italy are the major users of the bottled water in the European region.
The main drivers of the Asia-Pacific retail economy include high consumption, changing drinking patterns, bulk water purchases and raising disposable incomes.
The global market relies heavily on the technologies and equipment used for bottled water production.
High investment in bottled water equipment poses a big obstacle for manufacturers.
Demand will Rise Due to the Stockpiling Behavior Due to COVID-19 Outbreak While the global COVID-19 crisis continues to grow, and rumors of shortages of bottled water make headlines. Water companies have a deep awareness of the importance of quality water and wastewater services in our everyday lives and during a public health crisis and are committed to taking action to ensure that our water systems work both efficiently and safely. In addition, due to this outbreak and the need to access clean water to support personal hygiene and general public safety, many consumers store their pantries with the extra bottled water. Who is Winning?